MGM101H5 Chapter Notes - Chapter 3: Leveraged Buyout, Franchising, Double Taxation
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MGM101H5 Full Course Notes
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The success of many businesses lies with the specialized skills that exist within its labor force: organizational efficiency and structure is a reflection of the complexities of the business activities that circulate within an organization. It is reflective of the development of the infrastructure and its related culture, which an organization creates, and the transaction processes that it develops to service the marketplace it targets. Stakeholders could include customers, suppliers, government, employees and so on: fundamental objectives of business managers, short term profit, long term growth and profitability, social and environmental responsibility. The difference between profit and profitability: profit: is the bottom line result an organization has realized for an identified immediate period of time. In developing your value proposition, 5 fundamental questions need to be assessed and will ultimately assist the management team of a business in determining how and where to compete in the marketplace.